US Stock Market Live Updates: US stocks slip after early gains as tech shares stay volatile post-selloff

Emerging market currencies traded near one-month lows on Monday as domestic political tensions and caution ahead of the US midterm elections weighed on investor sentiment. Poland’s zloty dropped to a three-year low against the euro amid a deepening political crisis, while tech-heavy currencies like South Korea’s won and Taiwan’s dollar fell alongside local equity sales. However, a drop in crude oil prices provided relief to oil-importing nations, helping lift currencies like the Indian rupee, South African rand, and Hungarian forint.

Broader emerging market equities edged up 0.6%, boosted by bargain hunting in Korean tech stocks and expectations of central bank liquidity support in China. Investors are turning their focus to Tuesday’s US elections and a busy week of central bank decisions in Brazil, Mexico, Poland, Malaysia, and the Czech Republic. While most central banks are expected to hold rates steady, analysts note that cheap valuations could cushion developing markets as election uncertainties clear.